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The proprietor of a local shop will retain and spend locally his trading profit, but international chains hardly benefit the local economy

Sir, The decline of locally owned shops (letters,
May 23 & 24) has a malign effect on the local economy. The
proprietor of a local shop will spend his profits locally and use local
suppliers for many of his overheads. Superstores leave only staff wages in
the locality and even that is less than the sum of the wages paid by the
shops they replace. International chains are even worse as their profit is
expatriated to the detriment of our national economy. A simple withholding
tax on inter-company transfers and a more rigorous investigation by HMRC
into the deductibility of

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